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RBI Master Direction Overview

Master Directions

The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions.

The process of issuing Master Directions involves issuing one Master Direction for each subject matter covering all instructions on that subject. Any change in the rules, regulation or policy is communicated during the year by way of circulars/press releases. The Master Directions will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. All the changes will get reflected in the Master Directions available on the RBI website along with the dates on which changes are made.

Explanations of rules and regulations will be issued by way of Frequently Asked Questions (FAQs) after issue of the Master Directions in easy to understand language wherever necessary. The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

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Master Directions

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جنوری 04, 2016
updated: 9 Jan, 2020
Master Direction - Deposits and Accounts (Updated as on January 9, 2020)
RBI/FED/2015-16/9 FED Master Direction No. 14/2015-16 January 1, 2016 (Updated as on January 09, 2020*) To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction - Deposits and Accounts Opening, holding
RBI/FED/2015-16/9 FED Master Direction No. 14/2015-16 January 1, 2016 (Updated as on January 09, 2020*) To, All Authorised Dealer Category – I banks and Authorised banks Madam / Sir, Master Direction - Deposits and Accounts Opening, holding
جنوری 04, 2016
updated: 22 Dec, 2023
Master Direction - Liberalised Remittance Scheme (LRS) (Updated as on December 22, 2023)

RBI/FED/2017-18/3 FED Master Direction No. 7/2015-16 January 1, 2016(Updated as on August 24, 2022) (Updated as on August 23, 2022) (Updated as on June 20, 2018) (Updated as on August 02, 2017) (Updated as on April 12, 2017) (Updated as on

RBI/FED/2017-18/3 FED Master Direction No. 7/2015-16 January 1, 2016(Updated as on August 24, 2022) (Updated as on August 23, 2022) (Updated as on June 20, 2018) (Updated as on August 02, 2017) (Updated as on April 12, 2017) (Updated as on

جنوری 04, 2016
updated: 23 Mar, 2016
Master Direction - Export of Goods and Services (Updated as on March 23, 2016)

RBI/FED/2015-16/11FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on March 23, 2016) (Updated as on March 03, 2016) (Updated as on February 11, 2016*) To, All Authorised Dealer Category – I banks and Authorised Banks Madam / Sir, Master Direction – Export of Goods and Services Export of Goods and Services from India is governed by clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), re

RBI/FED/2015-16/11FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on March 23, 2016) (Updated as on March 03, 2016) (Updated as on February 11, 2016*) To, All Authorised Dealer Category – I banks and Authorised Banks Madam / Sir, Master Direction – Export of Goods and Services Export of Goods and Services from India is governed by clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), re

جنوری 04, 2016
updated: 24 May, 2022
Master Direction- Compounding of Contraventions under FEMA, 1999 (Updated as on May 24, 2022)
RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 (Updated as on May 24, 2022) (Updated as on January 04, 2021) (Updated as on April 04, 2019) (Updated as on September 19, 2018) (Updated as on December 22, 2017) (Updated a
RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 (Updated as on May 24, 2022) (Updated as on January 04, 2021) (Updated as on April 04, 2019) (Updated as on September 19, 2018) (Updated as on December 22, 2017) (Updated a
جنوری 04, 2016
updated: 22 Nov, 2022
Master Direction - Export of Goods and Services (Updated as on November 22, 2022)
RBI/FED/2015-16/11 FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on November 22, 2022) (Updated as on January 08, 2021) (Updated as on October 19, 2020) (Updated as on January 12, 2018) (Updated as on November 16, 2017) (U
RBI/FED/2015-16/11 FED Master Direction No. 16/2015-16 January 1, 2016 (Updated as on November 22, 2022) (Updated as on January 08, 2021) (Updated as on October 19, 2020) (Updated as on January 12, 2018) (Updated as on November 16, 2017) (U
جنوری 04, 2016
updated: 29 May, 2024
Master Direction - Money Changing Activities (Updated as on May 29, 2024 )

RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 (Updated as on May 29, 2024) (Updated as on February 29, 2024) (Updated as on March 4, 2022) (Updated as on March 29, 2019)* To All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Money Changing Activities

RBI/FED/2015-16/17 FED Master Direction No.3/2015-16 January 1, 2016 (Updated as on May 29, 2024) (Updated as on February 29, 2024) (Updated as on March 4, 2022) (Updated as on March 29, 2019)* To All Authorised Persons in Foreign Exchange Madam / Sir, Master Direction - Money Changing Activities

جنوری 01, 2016
Master Direction - Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad

RBI/FED/2015-16/10 FED Master Direction No. 15/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Ac

RBI/FED/2015-16/10 FED Master Direction No. 15/2015-16 January 1, 2016 To, All Authorised Dealer Category – I banks and Authorised banks Madam / Dear Sir, Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad Direct investments by residents in Joint Venture (JV) and Wholly Owned Subsidiary (WOS) abroad are being allowed, in terms of clause (a) of sub-section (3) of section 6 of the Foreign Exchange Management Ac

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